• Lockheed Martin average operating margin for 2023 was 12.69%, a 3.79% decline from 2022.
• Lockheed Martin average operating margin for 2022 was 13.19%, a 1.35% decline from 2021.
• Lockheed Martin average operating margin for 2021 was 13.37%, a 0.3% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.